There has been strong opposition from the gambling sector towards government proposals aimed at modernising industry regulations. However, it appears that the upcoming legislation will at least omit charities from a planned prohibition on most daytime broadcast advertising. More on this story can be found in a report by Barry O’Halloran.
The government foresees a budget surplus of €8.6 billion for this year, and a total of €38 billion over the coming four years due to bumper corporate tax revenues. Despite this positive outlook, Finance Minister Michael McGrath is predicting a grim economic future, as reported by Eoin Burke-Kennedy.
Investors of Weston Airport, which include Stripe co-founder John Collison, have reassessed the airport’s land and property value, escalating it from €7.9 million to €15.9 million, according to newly released company files. This information is reported by Barry J Whyte.
Global central banks are struggling to decide the appropriate time to reduce interest rates. Martin Wolf provides insight into the complexity of this issue in his writing.
Upcoming retirees could risk losing thousands of euros annually if the new entity overseeing Irish pension funds, known as master trusts, continue having capacity issues, as reported by Dominic Coyle.
A legal dispute between the Treacys Hotel Group and US fund Cerberus regarding a €1.5 million high-profile property deal in 2016 has been settled. Barry O’Halloran reports on this case from court.
In other hotel industry news: The Slieve Russell hotel in Cavan, previously a prime property in Sean Quinn’s portfolio, is set for sale with a price tag of about €35 million, as reported by Ronald Quinlan. Ronald also shares news on Derek McGrath’s Core Capital, who appear to be on the verge of acquiring the 5-9 South Frederick Street property in Dublin for roughly €10 million. Additionally, 66 Fitzwilliam Square is up for sale at a listed price of €3.8 million.
“Irish news website, The Journal, will no longer be sold to Mediahuis, asserts the company’s founder, Brian Fallon, as reported by Ian Curran. Fallon assures staff about his commitment to the business.
A column by Brianna Parkins, called Money Matters, offers insights into the best strategies to finance a new vehicle. Considering that for most people, purchasing a new car ranks among the most significant financial decisions of their life.
The Irish Human Rights and Equality Commission, along with the Economic and Social Research Institute (ESRI), has released a new study. Colin Gleeson has reviewed the report, which indicates the heaviest blows to employment and participation during the Covid-19 pandemic were suffered by the younger generation.
Gordon Deegan reports that Tara Mines’ ownership got the green light to erect a €20 million, 18MW solar farm. The development will take place on an 84-acre area located near its zinc mine site in County Meath.
Google has announced Vanessa Hartley, currently holding the position of vice-president of EMEA sales at the company, to lead its Irish division. The appointment occurs with immediate effect, reports Ciara O’Brien.”